Engaged Capital Settles with Restaurant Chain Del Frisco’s

The $750 million activist hedge fund has been involved in a flurry of activity over the past year.

Illustration by II

Illustration by II

Activist hedge fund firm Engaged Capital has settled with another one of its targets.

The firm headed by Glenn Welling reached a cooperation agreement with Del Frisco’s Restaurant Group, which owns four restaurant chains. Under the deal, Del Frisco’s agreed to expand the size of its board by one director and appointed an Engaged nominee, Joseph Reece, to sit on its staggered board of directors.

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